VISA GUIDE

The UK has over 30 different visa categories, designed to suit the needs of anyone who wishes to relocate. 

 

For entrepreneurs, there are several options to choose from - all with a range of benefits and requirements. There are also a number of routes for high net-worth investors, academics and industry leaders. Whether you are a prospective visa applicant or a UK-based business looking to see how immigration can benefit you, we've created this simple guide to help you cut through the noise.

Start-Up


The Start-Up route was introduced in March 2019, shortly after the closure of the old Tier One Entrepreneur Visa. It is one of two routes designed to draw promising overseas entrepreneurs to the UK. Who is it for? The Start-up category is for early-stage, but high potential, entrepreneurs who are starting a business in the UK for the first time. They may have already begun setting up their business, but it should not yet have commenced trading. Requirements CEFR Level B1 or higher; an endorsement from a government-approved body or higher educational institution
Process Application Length 3 - 6 months To find out More about the Start-up & Innovator routes, watch our video:




Innovator


The Innovator route was introduced in March 2019, shortly after the closure of the old Tier One Entrepreneur Visa. It is one of two routes designed to draw promising overseas entrepreneurs to the UK. Who is it for? The innovator route is for more seasoned entrepreneurs. Those who have already dabbled in starting their own business are recommended to opt for this route rather than the Start-Up route, even if they wish to form a start-up business. Requirements CEFR Level B1 or higher; £50,000 funds to launch a business; an endorsement from a government-approved body or higher educational institution
Process ​Application Length 3 - 6 months To find out more about the Start-Up & Innovator routes, check out our video below:




Global Talent


The Global Talent Visa was recently introduced to replace the previous Exceptional Talent visa. It aims draw the brightest and best experts to the UK, whether they are already established ('Exceptional Talent') or promise to become successful in the near future ('Exceptional Promise'). Relevant fields include tech, science, medicine, the arts, fashion and architecture, among others. Who is it for? The route is reserved for 'industry leaders' who are widely respected and isuccessful within their own field, or are beginning to be so. For instance, this may mean that they are a leading academic in a certain area; a famed artist with national or international acclaim; or a prolific inventor or architect with a vast portfolio of successful projects. Requirements Applicants are required to secure an endorsement from a government-approved body. This endorsement will be approved or denied by a body that is relevant to their industry, such as TechNation or Arts Council England (for full list of Endorsing Bodies, click here) In order to receive this endorsement, the applicant must first submit a number of documents including a portfolio of work; a detailed resume and supporting statement; and three or more letters of reccommendation from their peers.
Process Application Length 2 - 3 months




Investor


The Investor Visa was formulated to increase the flow of investment from abroad into the UK, giving High Net-Worth individuals the chance to live and work in the UK whilst investing their funds into local companies. Who is it For? The route is for High-Net Worth Individuals who wish to extend their investment portfolio into the UK - anyone with over £2mil in funds available to invest is welcome to apply. Requirements £2 - £10 million pounds in funds that are ready to invest; proof that funds are not a loan, and that they are free to be transferred to the UK; a UK banking facility

Process Application Length 2 - 8 Months




Sole Representative of an Overseas Business


The Sole Representative Visa is not strictly an entrepreneurial route - it is mainly intended for overseas companies who wish to expand their operations to the UK. Who is it For? A 'Sole Representative' refers to an employee of a company (not a majority shareholder) who wishes to launch a branch or subsidiary of the business in the UK. They do not have to be a long-serving member of staff; as long as the company has good reason to launch in the UK, they may employ someone specifically for the purpose of launching the business in the UK. Requirements For the individual, proof of employment in the company is required, as well as the required English Level (CEFR A1 speaking & listening); for the company in question, it must prove that opening a new branch or subsidiary in the UK is economcally viable, and that there is not already a branch of that business in the UK. Process Application Length 2 - 4 Months To find out more about the Sole Representative route, check out our video below:





poweredbyLatitudeLaw.png
  • facebook
  • Twitter Icon
  • Indeed Icon
  • Whatsapp Icon

© 2019 Universal Think Tank Group